Paypal Holdings Inc (NASDAQ:PYPL) Shares Bought by MAI Capital Management

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MAI Capital Management raised its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 9.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 91,443 shares of the credit services provider’s stock after purchasing an additional 7,781 shares during the quarter. MAI Capital Management’s holdings in Paypal were worth $18,017,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Paypal by 6.7% during the second quarter. BlackRock Inc. now owns 80,233,992 shares of the credit services provider’s stock worth $13,979,166,000 after purchasing an additional 5,009,600 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Paypal by 40.7% during the second quarter. Jennison Associates LLC now owns 11,388,915 shares of the credit services provider’s stock worth $1,984,291,000 after purchasing an additional 3,291,638 shares in the last quarter. Coatue Management LLC lifted its position in shares of Paypal by 84.2% during the second quarter. Coatue Management LLC now owns 7,055,251 shares of the credit services provider’s stock worth $1,229,237,000 after purchasing an additional 3,225,189 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Paypal by 39.1% during the second quarter. Fisher Asset Management LLC now owns 9,744,668 shares of the credit services provider’s stock worth $1,697,814,000 after purchasing an additional 2,741,321 shares in the last quarter. Finally, GQG Partners LLC acquired a new stake in shares of Paypal during the second quarter worth about $456,681,000. 83.43% of the stock is currently owned by institutional investors.

Shares of PYPL stock traded down $5.82 during mid-day trading on Monday, reaching $197.22. The stock had a trading volume of 7,712,522 shares, compared to its average volume of 8,728,464. Paypal Holdings Inc has a 12-month low of $82.07 and a 12-month high of $215.83. The company has a market cap of $238.23 billion, a P/E ratio of 90.92, a price-to-earnings-growth ratio of 3.42 and a beta of 1.11. The business has a 50-day simple moving average of $192.44 and a 200 day simple moving average of $168.13. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 29th. The credit services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.46. The firm had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $4.99 billion. Paypal had a return on equity of 16.17% and a net margin of 13.44%. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 EPS. Research analysts anticipate that Paypal Holdings Inc will post 2.76 EPS for the current year.

A number of analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Paypal from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. 140166 upped their target price on shares of Paypal from $190.00 to $220.00 in a research note on Thursday, July 30th. Bank of America upped their target price on shares of Paypal from $194.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Barclays upped their target price on shares of Paypal from $228.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 21st. Finally, Jefferies Financial Group upped their target price on shares of Paypal from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Six research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $202.15.

In other Paypal news, Director David M. Moffett sold 5,028 shares of Paypal stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $206.81, for a total value of $1,039,840.68. Following the completion of the sale, the director now owns 71,470 shares in the company, valued at approximately $14,780,710.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Daniel H. Schulman sold 25,000 shares of Paypal stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $196.89, for a total value of $4,922,250.00. Following the completion of the sale, the chief executive officer now owns 516,403 shares of the company’s stock, valued at approximately $101,674,586.67. The disclosure for this sale can be found here. In the last quarter, insiders have sold 114,409 shares of company stock valued at $22,178,495. 0.12% of the stock is currently owned by company insiders.

About Paypal

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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